Gold Digger – Golden Money Maker or Scam?

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We're starting to see impressive results from Ronald Kravchuk and Antony Kemble's latest offering, Gold Digger.trade app. The Gold Digger app differs from other offers right from the start. Unlike the creators of most other binary trading signals services, they actually have a substantial online presence that can be verified. That means that they're real people, not actors. This already places their offering in a unique spot.

Our initial review of the Gold Digger app was pretty skeptical, and we still encourage you to come to your own conclusion. However, we have to respond to an overwhelming number of users reporting winning trades of over 80%, and a recent poll that shows that the Gold Digger app has been making people a lot of money.

UPDATE: September 21st – I've been making money on this myself, but I've been sure to take the trades as soon as possible after the signal appears, which is how I believe it is supposed to work. These are not 60 second trades, but generally speaking longer trades are less risky, especially during volatile markets. Also note that due to legal restrictions in some countries, GoldDigger.trade may not be a fully automated system for you. This is not necessarily a bad thing, having some control over your trading is actually good.

Here are trading results from someone that actually traded Gold on the Gold Digger app:

Here are my own trading results, but on currencies, I didn't trade a lot, primarily because I actually prefer doing my own trades, but here are my results nevertheless:

put

834819

Bloombex

USD/CAD

15/09/2015 11:33

1.32471

15/09/2015 13:30

1.32398

$25

$45

Won

call

832319

Bloombex

NZD/USD

14/09/2015 15:36

0.63309

14/09/2015 16:00

0.63311

$25

$44.5

Won

put

832062

Bloombex

USD/CHF

14/09/2015 12:01

0.96851

14/09/2015 13:00

0.96806

$25

$45

Won

put

830062

Bloombex

NZD/USD

13/09/2015 20:14

0.63252

13/09/2015 21:00

0.63127

$25

$45

Won

call

827492

Bloombex

USD/CAD

11/09/2015 05:50

1.32638

11/09/2015 10:10

1.32531

$25

$0

Lost

call

826743

Bloombex

GOLD

10/09/2015 22:01

1112.476

10/09/2015 22:30

1112.275

$40

$0

Lost

call

826681

Bloombex

EUR/USD

10/09/2015 21:34

1.12846

10/09/2015 21:45

1.12856

$25

$45

Won

As you can see, I also didn't trade Gold, and I tested the Gold Digger app over a number of days in order to test the performance in different market conditions. I got a 71% ITM rate, which is very respectable.

To put things into perspective, what does a 71% win rate mean when you're trading Binary Options? Take a look at the screen capture below of an Excel sheet that shows you the results:

That might be a little fuzzy, but it basically shows that with an average 71% win ratio, and only using 5% of your initial capital, you can make $7,838 per month by your fourth month! From there onward I made the maximum trade $250, but you could double it up.

Actually, if you want to play around with the figures, you're welcome to download the Excel spreadsheet for free . Then you can take a look for yourself, and adjust the figures to your liking.

I suggest you make up your own mind as to whether it is a Gold Digger scam, or not. If you want to check it out for yourself, click on the button below. In order to protect you and to comply with regulations, all brokers will ask you for some form of visual identification, such as your driver’s license, as well as the last 4 digits of your credit card, and proof of residency. This is standard practice and you should expect to be asked for this type of documentation. However, you should note that they must allow you to blur or block out your driver’s license number and the first digits of your credit card.

Below some poll results are shown that was made available to us by the developers:

The booming voice on the video start out by telling us that “nothing comes close to Gold” when it comes to making money. It is true that Gold has always been a safe-haven, but it is certainly not the only way to make money. Interestingly enough, their website mentions that Silver and Forex levels are considered as well, but it appears that it is only used to determine the direction of Gold trades.

The Gold Digger app video mentions that all of their results are notary verified, and to check the results below their video. Well, I checked out http://notariatschmidt.de/ as indicated on the document they show, and the site exists. Peter Schmidt also appears to be a real person, whose photo matches what they're showing. The Gold-Digger.trade and GoldDigger.trade sites (which appear to be identical) shows losing, winning as well as N/A (not applicable) trades, which is good. The links we have here will take you to Gold-Digger.trade, below is a live feed provided to show their trades, winners as well as losses:

Antony Kemble (36, with an IQ of 147) and Ronald Kravchuk (32) are two rocket scientists from Russia (of course, right?) who have launched a number of trading bots over the last 9 years. Among others, they developed the “GPS Forex Robot” which the Gold Digger app video claims has never had a losing month in 9 years. They dare us to go check it out on MyFXBook.com which I did, and I was pleasantly surprised to actually find some very decent results. The only thing was that according to MyFXBook, they had one month back in 2014 that was a loss – still very impressive!

Here's some photos of Ronald Kravchuk and Antony Kemble, from back when they started out, which proves that they have been friends and have been working on this for a number of years, before they launched GoldDigger.trade.

Here's a more recent pic, clearly showing how they have aged a bit (and put on some weight, which they actually joke about on one of their sites), so I have no doubt that they are legit. And if they're legit, it gives a lot more credibility to GoldDigger.trade.

In 2012, Ronald Kravchuk and Antony Kemble released the first version of a Commodity Robot, which was the precursor to Gold Digger app, it focused on trading several profitable commodities such as Gold, Silver and Oil. This version was primarily marketed to private investors and hedge fund managers for $12,999 per license, which sold out all copies within 11 hours. With their Gold Digger app they're making their knowledge available to a much wider range of traders, and they claim that “with just a few hundred bucks you can go in and profit as much as an insane 2500 USD per week!!! “. Making $2,500 per week is definitely attainable, so I've got no problem with them saying that. If the Gold Digger trade application can deliver that consistently, it would be very impressive.

The Gold Digger app has two portions to it, the actual Gold Digger trade application that you download, as well as the trading that is done through your browser. The Gold Digger trade application itself is not required to trade, but apparently makes it more convenient. You will need to sign up with a broker and fund your account, and this is pretty standard for all binary trading signal services. In my case, Gold Digger assigned me to BeeOptions.com, I've had an account with them before and trust them. If you also end up with BeeOptions, just be aware that their communication is not of the fastest, and they only process withdrawals on Thursdays, irrespective of when you requested it.

The video explains that the Gold Digger app works with a 400:1 leverage, meaning that you end up trading with a much larger chunk of the market, and they do this with high frequency trading, meaning that they often take small trades that pay out a lot of money. There's three steps to getting started with their software, the first step is to download their app, second, activate your membership by funding your account with a broker, and third, collect your profits that they claim are between 180% to 450% per week.

The developers, Ronald Kravchuk and Antony Kemble, collect a 1c commission on each winning trade, with no other monthly fees or subscriptions. The only restriction they place on you is that you can only withdraw $9,000 profits per week. This sounds a bit strange to me, but it's possible that it forms part of a bonus agreement with the brokers, which often place restrictions on how much profits you can withdraw at a time. They say that it is due to thousands of trades being placed through the Gold Digger trade app and protecting the profits of the members. I still don't get it, but $9,000 per week is not bad at all.

When I initially downloaded the GoldDigger.trade software onto my computer, I had a spyware scare because my antivirus popped up an alert, but a subsequent test came up clean. I'm glad about that, but thankfully you don't even need to download the desktop app, you can use GoldDigger.trade online without the download. The developers also make a big deal about the Gold Digger app being virus and malware free:

When you do install the software, make sure that it shows “Perspecta Ltd” as the verified publisher, that way you know you have the authentic Gold Digger app. As I mentioned earlier, you do not need to download the desktop app in order to make the Gold Digger trader work, and I would suggest that you go that route.

The real question is what do you think of Ronald Kravchuk and Antony Kemble and their GoldDigger.trade app? Maybe the best would be for you to check it out yourself – click here.

I recorded a video of my initial results with the Gold Digger app over the weekend, but it is no longer valid since I've been getting much better results recently. I guess I should not have started trading late on a Friday and expect good results… Yes, I know, I shouldn't have done that, but I wanted to provide an early Gold Digger review. My mistake, I'll post an update later this week. At this point, the feedback we're getting from various sources all point to the conclusion that this might be one of the best binary options auto-traders yet this year.

If you're not ready to take the plunge, there are alternative binary options signal services – click here. If you simply want to see what trading binary options are like, try out TradeThunder. They’re a new broker, but they offer a great 100% free demo account.

Hi Sammy, it might be that Gold is a bit volatile currently with all the current news events surrounding the Fed rate hike. You will often see Binary Options brokers remove trading assets if they are not comfortable with it, but it should come back again. During my previous communications with the GoldDigger guys, it has taken them over a week to get back to me, but they did eventually respond.

I’m quite surprised to read all the positive comments about GD. So now I’m wondering why my personal experience is so different. I joined on Nov 23rd over the next few days it wiped out a $250 investment with 14 trades for only 4 wins Trading Gold only which what is promoted to trade by the developers @ a 28% Strike rate which is a long way from what people are claiming in earlier posts. I’m very skeptical about GD and the claims people are making here.

Hi Steve. You possibly picked one of the worst weeks of the year to start trading with Gold: http://www.wsj.com/articles/gold-trades-sideways-in-asia-1448594695 This is due to the post-Paris attacks, Thanksgiving holiday mid-week and traders waiting for a decision on the Feds increasing rates. This is a good example of why I’m not a fan of fully automated trading. Having said that, based on previous feedback I’ve received, it does appear that your experience has not been typical.

Yes, I’ve been reading about what people say too. But you know, some people will go to Disneyland and not be happy. The point being that there are always some people that will call stuff a scam, and not be happy with their results. They are also always the ones that are the most vociferous about it. With regards to the gold signals, it is called GoldDigger after all, right? I’ve heard rumors that the team of developers have recently completed an upgrade of the algorithm, but I haven’t been able to confirm it yet.

Can someone please explain the large amount of trades taken on Gold Digger on Friday 11/6/15 from the trades listed above. I counted about 60 trades on the list and I assume no one is getting 60 alerts a day are they.? I’m just trying to wrap my head around this.
From the comments above it appears that no one got 60 alerts on Friday.? What am I missing.?
And I signed up with a broker on Wed. but have not heard back yet on getting set up.
Thanks…very nice site to visit.
Jerry

Thanks Jerry! It’s very possible to get 60 alerts per day with the Gold Digger app, especially if you have more than one of their brokers activated. There are 13 signal “windows” and each of them only need to update 5 times per day to exceed 60 alerts, so it’s entirely possible. I did not monitor their trades on Friday though, so I can’t speak to that.

I also don’t understand what you mean about waiting to get set up. You sign up with Gold Digger through the site, fill in your details with the broker and fund you account. With a credit card that’s all pretty much instantaneous. At some point you have to send them your documentation to prove you are who you say you are and that’s it. Almost all brokers allow you to start trading before verifying your details, they normally make you verify details later, or when you withdraw money.

You really should be ready to go in a matter of minutes! That’s how it was for me.

So I am confused – is GD fully automated or not
They keep telling me I can set the system to automatically open and close trades but I have followed all their instructions and nowhere does it offer that option
So it looks as though I have to go onto my computer to check signals and open trades and then I can just let GD close them automatically – is that correct?

This is apparently because there are some legal issues with fully automated trading in some countries, which made the Gold Digger app developers decide to rather make it semi-automated.

So as you said, you will be able to open positions via the Gold Digger app, and they will automatically close at the set expiry time. This is the great thing about Binary Options trading, you do not have to worry about spikes in the market. The signals you get will be optimized for the time-frame set, whether that is for 60 seconds, 5 minutes, 30 minutes or longer.

Hello everyone
I subscribed to GD this month and have 11 wins and 3 losses trades. I operate only GOLD. I have a question, the system only gives me a signal in GOLD every morning with a expiration of between 7 and 8 hours and my schedule did not detect another signal. So I only do one operation per day. In user reviews I read to make multiple trades per day, including 60 seconds trades. My question is how to execute such trades?
And What is the difference between the basic membership and PRO Level (two or more brokers)?

Well done Juan!!! I’m glad to hear that you’re making some good profits with the Gold Digger app! Always good to know when I was right about a review. From what I understand, the Gold Digger app will respond to the market conditions interactively, so at times the trades might not be very frequent at all. This is normal, and protects you from taking bad trades. When I tested GoldDigger.trade, I only saw 60 second trades a couple of times, but it was not the rule, and I only saw them on Forex. Signing up for more brokers will allow you to place more trades, due to the way that GoldDigger works. Since you have already made some good profits, it might be a good idea to withdraw some of it, and use that money to fund an additional broker account. That way you’re also spreading your risk and diversifying your exposure to an extent. Do not rush and be too keen on executing a lot of 60 second trades, they are tricky 🙂

Gold Digger is not automatic it is a manual system, as a individual who is new in the binary world this did not work for me. My first day I was 7/7 ITM but since I am 20/18 ITM so their signals are not that accurate in my opinion.

Hi Boz, I sent you an email, but it bounced back. I wanted to verify what you’re saying here.

If I understand you correctly, you got 7 out of 7 trades winning ITM trades on your first day with the GoldDigger.trade app? After that you got 18 out of 20 winning trades? That’s very good!!

To say that the Gold Digger app is not very accurate because you ended up with a 90% win rate whereas on the first day you got a 100% win rate is a bit harsh.

A 90% win rate is very high! I do agree that the app turned out to not be a fully automated system, but based on feedback from the developers, it was because fully automated trading is not allowed in all countries. I’ve made a note of it in the Gold Digger review.

Thank you for your feedback, it’s great to hear that the Gold Digger app is still making such good returns!

Wanted to know if DG app is fully automated and will work for a newbie without any knowledge of trading. Work all the for a low income. I can’t watch my computer all day for trade. Really want to try make a few dollars in a week. Appreciate your help. Thanks.

Hey Monica, thank you for writing in. The Gold Digger app is not a fully automated system, and you will find that a lot of systems are actually avoiding implementing fully automated systems because of legal issues it might cause in some countries. I would actually currently suggest that you take a serious look at FastCash http://easytradingsignals.com/fastcashbizz This is also not fully automated, but you literally just have to click a button to launch a trade. We have also been getting some VERY positive and consistently good feedback about this system.

I don’t allow posts without a valid email address due to a lot of recent spam, so my apologies for not listing it here. It also doesn’t look like you signed up to GD from my site, but I’m glad to help in any case!

Depending on how the market behaves, bots do not always perform optimally all the time. Heck, humans don’t even perform optimally all the time! If you’re having trouble, one possible solution would be to “triangulate” your trading signals by using an additional signal provider.

I do this often, especially if the market is volatile. So what you could do is sign up for a cheap (but good) signal service like http://easytradingsignals.com/autobinarysignals and then only take trades where their 15 min to 1 hour signal for the same asset as GD is above 85%, and take it as quickly as possible after it shows up.

This option would require that you sign up with one of his brokers in order to gain access to the FB group, so if you are able to, I would suggest that you go for this option. Always only allocate money to trading that you can afford to lose 🙂

I am interested to see your video of trading on the platform.
I signed up GD and with BinaryBook as my broker.

It showed me indicators and I selected gold and added 1 and the clicked trade.
But each trade I do has the same result, expiry shows as South African time 10pm.
And it is always a CALL, I lost all 4 of my first trades?
Can you send me what you see when you are in the software trading.
Thanks,
Spencer

Hi Spencer, thank you for commenting! I’m a US trader, and right now the broker I signed up with for GD does not allow US traders due to them applying for full US regulations. I can still access my broker account, no problem there, but I cannot place any more trades through GD. In short, I cannot make you a video of me trading on GD, but I stand by my results.

The fact that all of the expiry times were at the end of the day for you also tells me that you probably tried to trade on a very volatile day, or at a time that the markets had high volatility or possibly low volume. It also sounds like you just pounded the CALL button in 4 consecutive trades? Remember, this is not gambling, if you get 2 OTMs (two losses) in a row, call it a day and start again tomorrow. No system or human will trade perfectly.

Thank you for a great review! I had a couple of emails from the promoting gold digger and was unsure if I should sign up. I found your review very informative and reassuring. Thank you for putting my mind at ease!

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